Visa Trade and Non Trade Payables vs Current Assets Analysis

Trade and Non Trade Payables vs Current Assets

Accounts Relationship

Trade and Non Trade Payables vs Current Assets

Significance: Very Strong Relationship

Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Visa Trade and Non Trade Payables account and Current Assets

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Trade and Non Trade Payables

A component of Total Liabilities representing trade and non-trade payables.

Current Assets

Current assets of Visa include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Visa. The current portion of Total Assets, reported if a company operates a classified balance sheet that segments current and non-current assets.

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